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Member of Parliament

Adam Chambers

  • Member of Parliament
  • Member of Parliament
  • Conservative
  • Simcoe North
  • Ontario
  • Voting Attendance: 68%
  • Expenses Last Quarter: $121,028.17

  • Government Page
Context: House Hansard - 311 - May/8/24
Mr. Adam Chambers
  • May/8/24 8:08:15 p.m.
  • Watch
  • Re: Bill C-59 
Madam Speaker, I am very proud to be from Simcoe North. As I was mentioning, at a time when Canadians are facing an affordability crisis, the government's stated policy objective is to make energy more expensive. We are the only country on the planet that has increased the cost of energy through direct carbon tax increases and now also through an indirect increase by imposing additional taxes on public utilities, which is commonly referred to as the EIFEL restrictions. Therefore, it is with great pleasure that I speak to this bill tonight, especially on the short title. I think we can think of many better titles for this bill, including “the Government of Canada wants people to pay more”, “the Government of Canada does not think people pay enough for energy” or “the Government of Canada is just out of ideas”. Those would be far better titles for the bill. There were some competition provisions in this bill, which also raised some concern. The government has made very significant and substantive changes to competition policy in the last three budget bills. Each time, interestingly enough, it says that these provisions are monumental and that it has made these great changes to the competition policy that have never been seen before, but only a few months later, it brings in some more changes. I say that because it has had a lot of time to think about what it would do with competition policy. The government proposed a number of substantive changes, and I have to give my NDP colleague credit, who is now the new member of the finance committee. He sliced up and diced up the government's competition provisions in this bill like never before. In fact, the government should be embarrassed that the competition provisions it put forward in Bill C-59 were completely redrafted by its coalition partner. It had multiple months and years to think about the provisions it wanted to change. When it finally said that it had the best changes, it got absolutely railroaded by its supply and confidence partner. That should be embarrassing for the government. That is why we are here debating this bill and debating the title. If members want another title for the bill, as this is a government that is out of ideas, how about, “we think people can pay just a little more”. That is what the bill should be called because energy bills are going up for people in Nova Scotia with this bill. In addition, the number of drafting errors in this bill are significant. There was a provision called the dividend deduction rules. As soon as the budget bill was tabled, some smart individual did not think that the government understood how it was going to affect individual life insurance policyholders and that maybe somebody should call it and give it a lesson. It took eight months for it to explain how a particular life insurance product worked when participating in whole life insurance. It eventually brought in a significant amendment to fix it. This bill was delayed because of all the drafting errors in it and because the government did not even understand how these significant changes would affect the cost to Canadians. These are the reasons for which we are trying to delay the bill. The government does not have a sweet clue about what some of these amendments do. Now the government is saying that it has to pass the bill because the market is asking for the investment tax credits. Guess what? We can pass the bill tonight if the government wants to, and no one can use the investment tax credits because the CRA and Natural Resources Canada still have not put out the guidance required for companies to take advantage of the investment tax credits. If the government was so serious about getting this bill passed, it would have had all of its homework done, but it does not. Maybe the dog ate it. I do not know what the excuse is, but the Liberal government is not ready. It is out of ideas. It chose to delay this bill until now. It was the government that had drafting errors in the bill. It decided to make energy more expensive in the bill. The government tried to indirectly make life insurance products more expensive in this bill, but then it realized that five million Canadians would have to pay more for their life insurance products because they were trying to find revenue somewhere and tax the big banks more and tax financial institutions more, not realizing that those costs for that product are passed directly to consumers. I was very pleased to speak against the short title of this bill, if that means we can keep energy costs lower for some Canadians for just a little longer. I welcome the wonderful questions from the member for Winnipeg North, as I know he always has a zinger.
837 words
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